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Changes at Badger Corrugating

(1/2/14) A long-time family-owned business in La Crosse is giving its employees a chance to own part of the action, with the hopes that they'll improve the bottom line.  

An employee stock ownership plan has been created for the 170 workers at Badger Corrugating.  The building material distributor has been owned by the Sexauer family for four generations.  Company president Mike Sexauer has transferred 40-percent of the ownership stakes to the employees.  The plan creates an option for retirement savings.  Under the plan, part of Badger's profits will not be taxed, equal to the same amount of what the employees invest.  The tax savings are put back into the company.  

 

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